SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934
RELEASE NO. 39531 / January 9, 1998
The Securities and Exchange Commission announced the temporary suspension,
pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the
"Exchange Act"), of over-the-counter trading of the securities of Struthers
Industries, Inc. ("Struthers"), of Los Angeles, California at 9:30 a.m. on
January 9, 1998, and terminating at 11:59 p.m. on January 23, 1998.
The Commission temporarily suspended trading in the securities of Struthers
because of questions regarding the accuracy of statements, and material
omissions, concerning, among other things, (1) the value of certain
broadcast licenses in which Struthers claims to have an ownership interest,
(2) the presence of or potential for a recapitalization which will enable
Struthers to pursue its business plan, and (3) the resignation of
Struthers auditors.
The Commission cautions broker-dealers, shareholders, and prospective
purchasers that they should carefully consider the foregoing information
along with all other currently available information and any information
subsequently issued by Struthers.
Further, brokers and dealers should be alert to the fact that, pursuant to
Rule 15c2-11 under the Exchange Act, at the termination of the trading
suspension, no quotation may be entered unless and until they have strictly
complied with all of the provisions of the rule. If any broker or dealer
has any questions as to whether or not he has complied with the rule, he
should not enter any quotation but immediately contact the staff of the
Securities and Exchange Commission in Washington, D.C. If any broker or
dealer is uncertain as to what is required by Rule 15c2-11, he should
refrain from entering quotations relating to Struthers securities until
such time as he has familiarized himself with the rule and is certain that
all of its provisions have been met. If any broker or dealer enters any
quotation which is in violation of the rule, the Commission will consider
the need for prompt enforcement action.
If any broker-dealer or other person has any information which may relate
to this matter, the Washington, D.C. office of the Securities and Exchange
Commission should be telephoned at (202) 942-4821.
======END OF PAGE 1======